Archive | Auto Industry News

Volkswagen to Add Eight Audi Models to Challenge BMW

Volkswagen AG’s Audi brand aims to add eight models by 2015, challenging BMW AG as the world’s largest maker of luxury cars, reported Bloomberg.com. Audi will invest 7.3 billion euros ($10.5 billion) on new models and plant upgrades through 2012, the Ingolstadt, Germany-based automaker said ... Read More » Tags: , ,

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GM CFO to get $750,000 Salary, Plus Stock

DETROIT - The new chief financial officer at General Motors Co. will receive a salary of $750,000 next year, but he'll get up to another $5.45 million worth of stock starting in 2012 if GM successfully sells shares to the public, reported The Associated Press. ... Read More » Tags:

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J.D. Power: December Total Sales to Increase 7%

December new-vehicle retail sales are expected to increase substantially compared with one year ago, indicating the continuation of the industry’s recovery, according to J.D. Power and Associates. December new-vehicle retail sales are expected to come in at 839,600 units, which represent a seasonally adjusted annualized ... Read More » Tags: ,

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GM Pulls From Microsoft to Fill CFO Vacancy

DETROIT – General Motors has announced that Chris Liddell was appointed as the company’s vice chairman and chief financial officer. Liddell was most recently CFO for Microsoft Corp., a post he held since May 2005. "Chris brings a depth and experience to this job that ... Read More » Tags: ,

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Early Lease Terminations Balloon

BANDON, Ore. - Terminating a lease earlier than its contractual length has skyrocketed in the last two years, growing from a typical 15 to 16 percent to more than 21 percent in 2009, reported CNW Marketing Research. Not only are early terminations rising, they’re occurring ... Read More » Tags: , ,

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Four Companies to Cease and Desist Selling Motor Vehicle Service Agreement Products in Florida

TALLAHASSEE, Fla. - Florida's Office of Insurance Regulation has issued an order to National Automotive Services Inc., Warranty Financial Inc. (aka Warrany Financial O.R.G. Inc.), Warranty USA, and Warranty Services to cease and desist transacting the unauthorized marketing and selling of motor vehicle service agreement ... Read More » Tags: , ,

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